CAFR (Comprehensive Annual Financial Report) do you comprehend what is going on here?Submitted by CAFR1 on Wed, 02/25/2009 - 23:32
The CAFR or in some cases an AFR is "the" local governments true showing of wealth amassed over decades and a showing of real gross income generated annually.(Tax and "other")
What is given to the pubic for their consumption are selectively created budget reports showing primarily where tax income is collected and spent "for the year". The correct report that the taxpayers shoud be going over with a fine tooth comb is the CAFR, not Budget reports.
The CAFR shows the tax income AND all other income, investment, enterprise, etc. When digesting a CAFR, the gross income in most cases is two to three times what is shown on a "Budget" report for the same local government and only 1/3rd of the gross income is tax income. The other 2/3rds is investment and enterprise income. Make sure to look at the older CAFR reports, say 1999 and 2001.
I will give you a big tip here which is a hard one to pin down. Many local governments now fund their listed debt shown (which they promote) at the front door with their own investment assets through the back door (never and open mention). This gives them a long term guaranteed investment return as they build their standing investment power base.
This Forum Topic is for those that wish to look at a few CAFRs (over 136,000 produced by local governments each year now and growing) so that you can now see the scope and size of what your local governments have developed into.
When you start thinking of the composite totals now owned by local and federal government by investment, you will realize that "Government took it all over by investment" and government wealth and gross income is much greater than you ever could have imagined when you start qualifying what the forest has developed into.
I will tell you here that composite government's gross income now is greater than the entire populations gross income but then you would not believe this until you do the math. You were never intended to know this being that the silence is golden rule has been firmly in place for the last six decades creating a void in your comprehension DUE TO THE MONEY AND CONTROL INVOLVED.
Wake up Call!
Let us know here what you have learned after you look and learn.
To download a few Local CAFRs and Federal audit reports from a selection of years for your study and review go here - http://cafr1.com/STATES/
To view a few CAFR potential surplus reviews of your choice go to the following State, County, or City reviews at the following:
California - http://cafrman.com/Articles/Art-CA-S1.htm
Colorado - http://cafrman.com/Articles/Art-CO-S1.htm
Illinois - http://cafrman.com/Articles/Art-IL-S1.htm
Kentucky - http://cafrman.com/Articles/Art-KY-S1.htm
Louisiana - http://cafrman.com/Articles/Art-LA-S1.htm
Maryland - http://cafrman.com/Articles/Art-MD-S1.htm
Massachusetts - http://cafrman.com/Articles/Art-MA-S1.htm
Michigan - http://cafrman.com/Articles/Art-MI-S1.htm
Minnesota - http://cafrman.com/Articles/Art-MN-S1.htm
Mississippi - http://cafrman.com/Articles/Art-MS-S1.htm
Nebraska - http://cafrman.com/Articles/Art-NE-S1.htm
New Jersey - http://cafrman.com/Articles/Art-NJ-S1.htm
New York - http://cafrman.com/Articles/Art-NY-S1.htm
North Carolina - http://cafrman.com/Articles/Art-NC-S1.htm
North Dakota - http://cafrman.com/Articles/Art-ND-S1.htm
Oklahoma - http://cafrman.com/Articles/Art-OK-S1.htm
Pennsylvania - http://cafrman.com/Articles/Art-PA-S1.htm
South Carolina - http://cafrman.com/Articles/Art-SC-S1.htm
Tennessee - http://cafrman.com/Articles/Art-TN-S1.htm
Virginia - http://cafrman.com/Articles/Art-VA-S1.htm
Washington - http://cafrman.com/Articles/Art-WA-S1.htm
West Virginia - http://cafrman.com/Articles/Art-WV-S1.htm
Wisconsin - http://cafrman.com/Articles/Art-WI-S1.htm
A few Arizona Counties and Cities
Maricopa County - http://cafrman.com/Articles/Art-MaricopaCounty-AZ-C1.htm
City of Mesa - http://cafrman.com/Articles/Art-Mesa-AZ-CY1.htm
City of Phoenix - http://cafrman.com/Articles/Art-Phoenix-AZ-CY1.htm
Pima County - http://cafrman.com/Articles/Art-PimaCounty-AZ-C1.htm
City of Scottsdale - http://cafrman.com/Articles/Art-Scottsdale-AZ-CY1.htm
City of Tempe - http://cafrman.com/Articles/Art-Tempe-AZ-CY1.htm
City of Glendale - http://cafrman.com/Articles/Art-Glendale-AZ-C1.htm
Let us all know what you think after your review of the above!